Australian Coking Coal: Prices steady amid improved demand in China market
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Australian coking coal prices have held mostly steady over the past two weeks, with Chinese end-users continuing to procure imported materials despite stringent import restrictions at the country's major coal-handling ports.
China's domestic coking coal prices have found stability in recent days on the back of higher domestic metallurgical coke prices.
Currently, spot prices for seaborne coking coal cargoes are relatively cheaper compared to domestic materials in China.
At this juncture, the implementation of Chinese import restrictions beyond this calendar year remains ambiguous in the midst of fears that they may possibly extend until the Chinese New Year in late January.
PRICE ASSESSMENTS
Latest offers for the Premium HCC grade are assessed at around USD 133.75/MT FOB Australia, higher by USD 0.81/MT than the average rate of USD 132.94/MT prevailing during the week gone by (18th - 22nd Nov'19).
Offers for the 64 Mid Vol HCC grade are assessed at around USD 120.55/MT FOB Australia.
For Indian buyers, the above offers amount to USD 147.25/MT and USD 134.05/MT respectively on CNF India basis.
Pulverized Coal Injection (PCI) & Semi Soft Coking Coal
| FOB Australia | CNF China | CNF India | |
| Low Vol PCI | 87.80 | 100.00 | 101.30 |
| Mid Tier PCI | 83.80 | 96.00 | 97.30 |
| Semi Soft | 78.30 | 90.50 | 91.80 |
N.B.: All prices are in USD/MT
